Facebook crushed analyst estimates
Tech giant Facebook crushed analyst estimates when it reported first-quarter results on Wednesday.
The company reported adjusted first quarter earnings of 77 cents per share on revenue of about $5.38 billion. Analysts had expected Facebook to report earnings of about 62 cents per share on $5.26 billion in revenue, according to a consensus estimate from Thomson Reuters.
In fact, Facebook’s earnings per share figure was 10 percent better than the highest estimate of 41 Wall Street analysts.
Shares in the company jumped more than 9 percent in after-hours trading following the announcement.
If Facebook were to open at those levels on Thursday, it would easily exceed its all-time high share price of $117.59.
Lets take a look at the charts and see what they tell you.
This breakout & retracement will be super exciting for you option players. You can see 1,000% ranges up and down. Tomorrow being Thursday, the inflated premium should deflate giving you some good opportunity to load up on some cheap 1 to 2 strike OTM for this setup.
For shorter time frame, use the four hours to manage your entry. Good luck, and catch a few home runs, buying some puts after the excitement settle will be very rewarding.
About Andy Huang
Andy Huang brings years of results-driven technology marketing expertise to the position as Speaker, Coach, Trainer, Analytic & Google Partner. He has the innate ability to combine traditional and cutting edge marketing methods to quickly grow brand awareness and increase market share across 197 verticals and over 300+ clients. One was acquired in 2015 for $37 Billion, another in 2013 for $1.1 Billion both Nasdaq listed. With extensive experience in revenue driven servicing His aggressive implementation of these strategic proactive revenue planning & marketing efforts rapidly impact all of clients business’s bottom line.
Now with business blogging on the internet, Andy Huang will share with you some of his most successful business resource and strategies to help fuel your success online!